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The executive was Everest CEO from 1994 to 2013 and has served as board chair since 1994. -
The broker has promoted Oriol Gaspa Rebull to global head of analytics strategy.
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The March 13-16 storms would mark the first billion-dollar US SCS event of the year.
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The firm also promoted Devin Inskeep to an expanded role as SVP, head of ratings and advisory.
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The insurance industry has experienced mounting losses from severe convective storms.
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The carrier was seeking to expand its March 1-renewing program.
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Aviation reserve strengthening added 10.1 points to the combined ratio.
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This year’s coverage will involve $2.94bn of new risk transfer.
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These events can also no longer be considered secondary perils, executives said.
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Some $4.8bn of reinsurance and cat bond limit will come up for renewal in 2025.
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The organization was hoping to grow its reinsurance cover.
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The state-backed carrier has $2.1bn of Alamo Re cat bond coverage.
